North Mill Press Room

Colford to Invest NMC Sale Proceeds in North Mill Equipment Finance

Colford Announces Sale of North Mill Capital; Retains & Strengthens North Mill Equipment Finance NEW YORK, NY (10/24/17) — Colford Capital Holdings LLC (“Colford”) announced the sale of 100% of the equity interests of North Mill Capital LLC (“NMC”) to Solar Senior Capital Ltd. (NASDAQ: SUNS) (“Solar Senior”). NMC, based in Princeton, New Jersey, is an asset-based lending and commercial finance company that provides senior secured financing to U.S.-located small-to-medium-sized businesses primarily in the services, manufacturing and distribution industries. Solar Senior i

NMEF announces promotions

Contact: Anthony Pontonio, North Mill Equipment Finance apontonio@northmillef.com 203-354-1710 FOR IMMEDIATE RELEASE North Mill Equipment Finance Announces Promotions North Mill Equipment Finance, a private lender based in Norwalk, CT, announced several executive and management promotions. David Lee has been named as Chairman and CEO of North Mill Equipment Finance. Mr. Lee is also CEO of Colford Capital, North Mill’s parent company. Mr. Lee has over 30 years of financial services experience. Previously, Mr. Lee served as President of D.B. Zwirn & Co., a $6.5 billion AUM altern

Unmind the GAAP: Understanding the new FASB lease accounting standard

On Feb. 25, the Financial Accounting Standards Board released a new lease accounting standard considerably altering the way in which leases are accounted for on the balance sheet.  While it doesn’t change the way in which a lease is drawn and financed, those companies looking to lease (your customers) now have to move forward and adopt it. The idea behind the new rule is to provide a more accurate picture of a company’s financial health. Good news is it won’t impact the ability of these companies to acquire the necessary equipment to grow their businesses. Knowing how the new rule af

North Mill Equipment Finance Names Mark Bonanno as CFO

North Mill Equipment Finance, today announced that Mark Bonanno has joined the company as its Chief Financial Officer. Mr. Bonanno is a Certified Public Accountant who comes to North Mill from his most recent role as Chief Financial Officer at Advantage Funding, a commercial equipment finance company based in Lake Success, New York.  He previously spent sixteen years at General Electric in various financial management roles, including Finance Manager of the Corporate Initiatives Group, CFO of Xerox Capital Services and Operational Controller of GE Energy Financial Services.  He began his

North Mill Equipment Finance Completes its Second Securitization for $111.15 Million

North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor located in South Norwalk, CT, has announced the closing of its second securitization transaction, NMEF Funding 2016-A, which was completed on June 13, 2016.  NMEF Funding 2016-A issued two classes of equipment finance-backed notes totaling $111.15 million.  The transaction was rated by Kroll Bond Rating Agency and the notes received ratings of A (sf) and BBB (sf). The portfolio of leases and loans is secured mostly by transportation equipment, including heavy and medium duty trucks, carg

North Mill Equipment Finance Completes $122 Million Securitization

                 May 7, 2015:  North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor located in South Norwalk, CT, has announced the completion of its inaugural securitization transaction, NMEF Funding 2015-A, which was completed on May 7, 2015.  NMEF Funding 2015-A issued two classes of equipment finance-backed notes totaling $122 million, which included a pre-funding account of $25 million for additional leases and loans.  The transaction was rated by Kroll Bond Rating Agency and the notes received ratings of A (

North Mill Equipment Finance Increases its Wells Fargo Loan Facility

April 20, 2015:  North Mill Equipment Finance LLC (“North Mill”) announced that it has increased the size of its senior loan facility with Wells Fargo Capital Finance to $75 million.  The increased loan facility will enable North Mill to expand its business of originating small-ticket equipment leases and loans throughout the United States through third party referral sources.  Based in Norwalk, CT, North Mill is a commercial equipment finance company with extensive experience leasing business-essential equipment in the small-ticket sector.Gary Silverhardt, President and CEO of North Mi

North Mill Equipment Finance Promotes Three Executives

North Mill Equipment Finance, today announced the promotion of three of its senior executives. Josh Rothman has been promoted to Executive Vice President and Chief Information Officer. He is responsible for spearheading North Mill’s data analytics solutions necessary to manage a rapidly growing company and for leading the company’s Second-Look Referral Programs. Josh is also a major contributor to the company’s capital markets efforts and development of technology infrastructure.Bob Dion has been promoted to Senior Vice President of Credit. Bob’s responsibilities as head of credit will

North Mill Equipment Finance Closes $30 Million Loan Facility with East West Bank

North Mill Equipment Finance LLC has entered into a $30 million senior loan facility with East West Bank.  The new facility is in addition to the company’s existing $50 million facility and will enable North Mill Equipment Finance to continue expanding its business of originating small-ticket equipment leases and loans through brokers, vendors and dealers.  Based in Norwalk, CT, North Mill Equipment Finance is a specialty finance company with a long history of leasing equipment in the small-ticket sector as well as purchasing and servicing equipment lease portfolios from banks and other sp

North Mill Equipment Finance Closes $50 Million Loan Facility with Wells Fargo

April 30, 2013North Mill Equipment Finance Closes $50MM Loan Facility with Wells FargoNorth Mill Equipment Finance LLC (“North Mill EF”) today announced that it has entered into a $50 million senior loan facility with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC).  The new loan facility will enable North Mill EF to expand its business of originating small-ticket equipment leases and loans throughout the United States through vendors, dealers and brokers.  Based in Norwalk, CT, North Mill EF is a specialty finance company with extensive experience leasing equi

Colford Capital Finds Perfect Fit With Equilease Acquisition

Colford Capital’s President and CEO David Lee and North Mill Equipment Finance’s President and CEO Gary Silverhardt were recently interviewed by Equipment Finance Advisor.  David Lee spoke about Colford Capital’s intention to build a diversified specialty financing business, and Gary Silverhardt addressed the advantages of joining forces with Colford Capital and launching North Mill Equipment Finance.Please read the entire article at:http://www.equipmentfa.com/articles/1617/colford-capital-finds-perfect-fit-with-equilease-acquisition

Colford Capital Acquires Equilease Financial Services to Create North Mill Equipment Finance

Norwalk, CT, January 1, 2013 – For immediate release:Colford Capital LLC, a holding company of diversified specialty finance businesses, announced today that it has acquired the assets of Equilease Financial Services, Inc.  Based in Norwalk, Connecticut, Equilease has extensive experience originating equipment leases and loans, as well as purchasing and servicing equipment lease and loan portfolios from banks and other specialty finance companies.Colford has created a new subsidiary, North Mill Equipment Finance LLC, expressly for the purpose of acquiring Equilease, and has made a substanti